Teradata had its beginnings in research at the California Institute of Technology and from the discussions of Citibank’s advanced technology group. Explaining the beginnings of the company, Teradata says:
“Caltech showed “how;” the bank showed “why.” The ideas came together in the winter and spring of 1979. Founders worked “out of the box” to design a revolutionary database management system for parallel processing with multiple microprocessors, specifically for decision support. The microprocessors, like horses, were harnessed to pull a large load rather than relying on one horse to do all the work.”
The company was incorporated in 1979 and in 1984 released its specialised database computer.
